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Russia flirts with Saudi Arabia as OPEC pain deepens
By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, September 6, 2015
CERNOBBIO, Italy -- The OPEC oil cartel cannot withstand the pain of low crude prices indefinitely and may be forced to abandon its pugnacious bid for market share within months, Russia's chief energy official has predicted.
Arkady Dvorkovich, the deputy prime minister, said OPEC producers are suffering the ricochet effects of their attempt to flush out rivals by flooding the world with excess output.
"I don't think they really want to live with low oil prices for a long time. At some point it is likely that are going to have to change policy. They can last a few months, to a couple of years," he told The Telegraph. ...
... For the remainder of the commentary:
http://www.telegraph.co.uk/finance/11847300/Russia-flirts-with-Saudi-Ara...
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